Personal Loans Online

Personal Loans Online

Personal loans can generally be used for a variety of purposes and are also a quick solution for taking control of your financial situation in cases of short-term financial emergencies. One common example of a personal loan is an installment loan that is paid off in regularly scheduled payments over a period of several months (depending on the state you reside in and the lender) with interest and/or fees. This time range may be shorter or longer depending on the product as well. There are also other types of personal loans, like personal lines of credit and payday loans.

You may be eligible to receive an online personal loan of up to $3,500 through MoneyKey. The loan amount you may be able to borrow will depend on your income, how frequently you’re paid, the maximum loan amount permitted by your state and other criteria. To view the loan amount available in your state, see our Rates & Terms Page.

What Types of Personal Loans Online are Offered Through MoneyKey?

Installment Loans Installment Loans Online

Installment loans are personal loans that are paid back in scheduled installments over a pre-determined span of time. Once you’re approved for an online Installment Loan through MoneyKey, you may get the loan amount deposited in your bank account the same business day*. The loan term varies by state and may range between 6 and 18 months.

An Installment Loan through MoneyKey can be used for a variety of unexpected things like essential home and car repairs and emergency medical expenses. Repayment terms will vary by state.

Installment Loan Summary (varies by state/pay frequency)

Loan Amount: $200 to $3,500

Funding: Next business day funding*

Repayment: Bi-weekly, semi-monthly or monthly installments

Loan Term: 6 – 18 months

Pre-Payment Available: Yes

Available in: Delaware, Idaho, Mississippi, Missouri, New Mexico, Texas, Utah and Wisconsin

Apply now View rates

Lines of Credit Online Line of Credit

A line of credit is a form of revolving credit. Unlike a traditional payday or installment loan, a line of credit is a personal loan that remains active even after you’ve paid down what you’ve borrowed from your credit limit. You can draw the entire amount or smaller amounts over time, as long as you have available credit and your account is in good standing. Interest and/or fees are only charged on the amount of money you use, not your entire credit limit.

A Line of Credit through MoneyKey can be used for unexpected expenses that may occur in your day-to-day life. The specific terms of this online personal loan, including fees and/or interest, will vary across the states where the product is offered.

There are two types of Lines of Credit offered through the MoneyKey website: the MoneyKey Line of Credit and the CC Flow Line of Credit provided by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC.

Line of Credit Summary (varies by state/pay frequency)

Loan Amount: $200 to $2,500

Funding: Same business day funding*

Repayment: Bi-weekly, semi-monthly or monthly installments

Draw Option: Request draws as needed, from your available credit**.

Loan Term: Open-ended

Pre-Payment Available: Yes

MoneyKey Lines of Credit are Available in: Kansas and Tennessee

CC Flow Lines of Credit are Available in: Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Minnesota, Montana, Nebraska, Oklahoma, and Wyoming

Apply now View rates

Payday Loans Other Types of Personal Loans Online

Payday loans are small-dollar personal loans that are typically paid back in full on your next pay date. Payment will include the principal loan amount and a finance charge. These online loans may be used for unexpected expenses like emergency car repairs or other non-recurring bills between your pay dates.

It’s important to remember that payday loans are meant for short-term use only and are not a long-term financial solution.

Payday Loans, previously offered in California, are no longer available to new customers through MoneyKey. If you don’t live in California, please check our rates page to see if other online loans such as Installment Loans or Lines of Credit are available in the state that you currently live in.

If you live in California and still need funds, you may be able to find a loan product suitable for you from another company1 by clicking “Continue” below:

Please note that by clicking “Continue”, you are navigating away from the MoneyKey website to the website of an unaffiliated third party.

1MoneyKey does not promote or endorse any products and/or services offered by any company you may be directed to by clicking “Continue”, and does not assume responsibility or liability for any actions taken by you in relation to any such products and/or services.


How to Get a Personal Loan Online Through MoneyKey:

1. Submit Your Application

2. Get Approved

3. Get Money The Same Business Day*


Personal Loans for Bad Credit

Personal loans are not restricted to individuals with high credit scores or greater monthly incomes. Some financial institutions offer personal loans that may not require an excellent credit score to get approved, as long as you meet certain approval requirements.

MoneyKey may be able to lend money to individuals with bad credit. If your loan applications have been turned down due to bad credit, consider applying for a personal loan online through MoneyKey.

Quick Personal Loan Online

Financial emergencies are often sudden, unexpected, and require immediate or short-term payment. At MoneyKey, we understand the pressure you may be under to pay for a medical emergency, or finish an urgent home or car repair. Our goal is to provide you with the cash you need as quickly as possible in case of an emergency. If your personal loan application is approved, you may receive your money the same business day*. Apply for a quick personal loan online through our simple application process or speak to a member of our Customer Care team today!

What are the Differences Between Secured and Unsecured Personal Loans Online?

Personal loans will generally fall into one of two categories; they can be secured or unsecured. The main distinction between these two classifications is what it takes to qualify for them. There also may be some differences in the rates you’ll see with either type. Let’s take a look at these different types of personal loans online a little closer.

Secured Online Personal Loans

If you’re looking to qualify for a secured personal loan online, you’ll need to provide collateral to whichever financial institution you’re applying for a loan with. Collateral is essentially some sort of valuable asset that you’re agreeing to give to a financial institution if you’re not able to make your loan payments. So this way they’ll have some security in knowing that if you default on your loan, they’ll still get something of value.

What you end up pledging as collateral will change depending on the type of personal loan and/or the lender you’re working with. For example, if you’re looking to buy a house, you’ll need to put up the equity in the home you’re buying as collateral. If you need an auto loan to help you buy a car, the collateral in this case would typically need to be the car you’re buying.

Generally speaking, the rates you’ll see for secured personal loans online may be lower than you’d find in unsecured loans. As mentioned above, this is because of the safety net that collateral gives to the lender.

Unsecured Online Personal Loans

The main difference with unsecured online personal loans is that you won’t need to provide collateral to qualify. A financial institution will instead focus on other requirements to ensure that they’re not lending money to someone who has proven to be an unreliable borrower in the past.

These qualifications may vary depending on the financial institution you’re applying for an online personal loan with, but there’s typically some overlap. To start with, your credit score may come into play during this process. This number distills many of the factors that determine your reliability as a borrower and puts it into a score to help lenders make their decisions. A financial institution might also closely consider your income, employment, and your state of residence.

While you won’t need to risk an asset to get approved for an unsecured personal loan, they do typically come with higher rates.

When to Consider Using an Online Personal Loan

If you know you have some sort of upcoming personal expense – whether it’s a personal purchase or a due date for a bill that’s been on your calendar for a long time – your first option should always be to save your money in advance and avoid taking on extra debt. But we’re not always granted the gift of foresight. Depending on the situation, an online personal loan may be your only option. Having said that, applying for one should never be taken lightly.

Different types of personal loans may be better suited (or specifically intended) for different purposes, so it’s important to understand the different scenarios where one may be appropriate, and then to match your need up with the right type of personal loan. Personal loans can be useful when:

  • You want to buy a car
  • You’re looking to buy a home
  • You need to pay for a trip to the emergency room
  • You need to repair something essential in your home
  • You need to fix your car

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Frequently Asked Questions

What is the difference between an installment loan and a payday loan?

With both types of personal loans, if you’re approved, you’ll be provided with the money you need to cover an unexpected emergency expense, with the main differences being the loan term of an installment loan versus a payday loan. The payment for a payday loan is typically due in a lump sum on your next pay date, whereas with an Installment Loan through MoneyKey, you’ll repay your loan through a number of scheduled payments which are typically set up to land on your pay dates.

What is the difference between long-term installment loans and short-term installment loans?

Whether an installment loan is categorized as a short or long-term personal loan is dependant on the loan amount and repayment term. If a personal loan is paid off within the span of a few months, it’s generally considered to be short-term. You would typically use these loans to handle unexpected emergency expenses like medical bills or home maintenance when you don’t have the savings to cover them. The length of a long-term installment loan, such as a mortgage, is typically 20 to 30 years long, depending on the loan amount and the repayment term. Unlike most short-term installment loans, long-terms loans are usually secured and require collateral.

Is there a minimum credit score required for online personal loans through MoneyKey?

Applying for online personal loans from a direct lender or servicer may be a good option for people with poor credit. There may be no minimum credit score requirement. Some lenders may approve a personal loan if you have:

  • A regular source of income
  • An active bank account
  • Valid and active contact information

Personal loans offered through MoneyKey may be available to those with bad credit. Start your application today.

Is MoneyKey a direct lender of personal loans?

MoneyKey is a state-licensed direct lender of personal loans in Delaware, Idaho, Kansas, Mississippi, Missouri, New Mexico, Tennessee, Utah and Wisconsin.

To learn more about online direct lenders, click here.

In Texas, MoneyKey is not the direct lender but is licensed as a Credit Services Organization (CSO) and a Credit Access Business (CAB). In this state, loans are funded by a third-party lender and serviced by MoneyKey.

The CC Flow Line of Credit is provided by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Consumers can apply for a CC Flow Line of Credit through the MoneyKey website. The CC Flow Line of Credit is currently offered through MoneyKey in Alaska, Arizona, Arkansas, Florida, Hawaii, Indiana, Kentucky, Louisiana, Michigan, Minnesota, Montana, Nebraska, Oklahoma, and Wyoming.

Is working with a direct lender the right option for me?

When you borrow from a direct lender, such as MoneyKey, the process of applying for personal loans for bad credit may be simple, quick, and safe. Your personal information will be protected, and the process of applying is typically straightforward.

At MoneyKey, we understand the importance of speed when you’re dealing with an unexpected emergency expense. That’s why it only takes a few minutes to submit the online application, which is available for you to fill out 24 hours a day, 7 days a week. If approved, you may receive your funds as soon as the same business day*.

Why choose a personal loan through MoneyKey?

MoneyKey has served more than 400,000 customers since 2011. There are several benefits in choosing personal loans for bad credit that are offered through our website:

  • Our exceptional Customer Care representatives are available by phone, email or online chat.
  • Our Customer Care team is here for you 7 days a week, including most holidays.
  • We protect your personal information in accordance with industry standards.

We encourage you to use our products and services responsibly.

Where can I find more information on online personal loans?

If you’d like to learn more about personal loans online, you can visit our Articles section and Blog page. There you’ll find information on different types of loans, how and when to apply, and different aspects of the borrowing process. You’ll also find helpful tips on budgeting and personal finance.

What states does MoneyKey offer a personal loan in?

As a direct lender and a credit services provider, MoneyKey offers or arranges personal loans in:

The CC Flow Line of Credit is currently offered through MoneyKey in:

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Not all applications are approved; duration of approval process may vary. Credit limits/loan amounts are subject to further verification criteria. If you are a returning customer, loan amounts may vary.

*If approved, any requested funds may typically be deposited into your bank account the same business day; timing of funding may vary by product and state. The date and time funds are made available to you by your bank are subject to your bank's policies. For specific funding cut-off times, click here.

**You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610.

As you move through your credit journey, your account may become eligible for reduced charges and/or increased credit limits/loan amounts based on good payment history over time. You will receive notices, as applicable, regarding your individual circumstances and eligibility.

Depending on your state of residence, applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. The CC Flow Line of Credit is provided by CC Flow. Additionally, CC Flow maintains critical control over loan origination, underwriting approvals, and regulatory and compliance oversight management. MoneyKey is an authorized servicer of CC Flow. This means the CC Flow Line of Credit is available through MoneyKey and you will maintain your CC Flow Line of Credit account through MoneyKey.

Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page.

MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans for which MoneyKey acts as a CSO/CAB are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey – CA, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law License No.1004516.

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